Kestra Private Wealth Services LLC Buys 7,743 Shares of Fluor Co. (NYSE:FLR)

Kestra Private Wealth Services LLC increased its stake in shares of Fluor Co. (NYSE:FLR) by 140.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,250 shares of the construction company’s stock after purchasing an additional 7,743 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Fluor were worth $653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLR. Versant Capital Management Inc increased its holdings in shares of Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after buying an additional 527 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Fluor during the 4th quarter worth $33,000. Quarry LP increased its holdings in Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after purchasing an additional 942 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Fluor in the third quarter valued at about $96,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Fluor during the third quarter valued at about $96,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FLR. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Truist Financial dropped their price target on shares of Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Robert W. Baird reissued a “neutral” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Citigroup lowered their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group upped their price target on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and an average price target of $59.29.

Fluor Stock Performance

FLR stock opened at $43.38 on Friday. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $50.18 and a 200-day moving average price of $50.26. The firm has a market cap of $7.44 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.45 and a beta of 1.89.

Insiders Place Their Bets

In other news, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Fluor Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.